New (tax) year, new help!
Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.
General Information
If this field is blank, the application defaults to the original due date of the return. If the date entered in this field is after the corporate return due date, the application automatically calculates the penalty for failure to pay, the penalty for failure to file, and the interest on the late payment.
Enter last year's tax for C Corporations or year's passive income tax for S Corporations. The amount is used to calculate Form 2220 exceptions. Note that the 2220 penalty is calculated for a short-year return.
2018 UltraTax CS
